Hi mates, Sharing daily chart of Silver marked a resistance for long side trade if that will break and close above i will go for a long trade in it.
Some tops and bottoms identified on this daily chart although that tops and bottoms are not validate the swing highs and bottoms or trend, only i marked by my trednline touch points which also the highest peaks and bottoms after the top 1. Observation by this marking is that security making higher lows and lower highs.
Resistance for long and target i pointed on chart.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Some tops and bottoms identified on this daily chart although that tops and bottoms are not validate the swing highs and bottoms or trend, only i marked by my trednline touch points which also the highest peaks and bottoms after the top 1. Observation by this marking is that security making higher lows and lower highs.
Resistance for long and target i pointed on chart.
This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit
Note
Price it is trying to enter in resistance zone let's wait for a closeNote
Still bottom two is protected did not breached the bottom 2 after publication as i assumed, but for going long i want a resistance break and a close too above, and you can see that it faced many rejections in last week so now i assume that if this resistance will break and price will sustain above with bullish strength we can see a good upmove afterNote
Now it is a good bullish entry in resistance zone if close above this trade will be active bouned from expected bottom 3 marked on chart, as it is more easy to trade on pre-decided marked levels from this we can avoid the wrong tradesTrade active
Yeterday candle closed above resistance, now going strong in marked resistance zone we can see target very soonNote
As clsoing are one of the most important part in technical analysis so marked a closing based resistance in main resistance area if closed above we can see marked target very soon. After too many upheavalls finally it trying to make a bullish candle in that zone, i am continuing with my long view for it, sitting with normal gains so farNote
Price closed above last week's closing and high was higher and low was also higher from last week it is induicating that some buying intact was there which i assumed a third bottom from it can move forward toward target in coming week, Respected rising support trendline too so farPublished chart-:
Made bottom near to assumed spot so far
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.